2017 Year In Review: A Strong Year for Timeshare
2017 was a strong year for the timeshare industry with $9.2
billion in revenue in the U.S. and $19.7 billion globally. Even amidst several
natural disasters that threatened the vacation experience in various locations,
our industry showed its resilience to adversity by contributing $79.5 billion
to the U.S. economy and $147 billion worldwide. With over 500,000 jobs in the
U.S. and about 1.3 million globally, the timeshare industry is truly the
backbone to several communities around the world. And with 9.2 million
timeshare owners in the U.S. who spent $6.6 billion in local communities, we
can rest assured that our industry continues to strengthen businesses big and
small.
Our Government Affairs team continued to advocate on behalf
of policies, allowing for the vitality and growth of the industry while
protecting owners. Our State Affairs team experienced big wins in Florida and
South Carolina and our Federal Affairs team focused on ADA reform and
successful Tax Reform.
We connected through strong member events in order to
collaborate on the unique opportunities ahead through ARDA World in New
Orleans, our regional events throughout the country, and our Fall Conference
that focused on the economic and political issues facing our industry.
We continued to tell our industry story through our core
value propositions of options, space and the value of vacationing. And we will
continue to share that story by incorporating ARDA International Foundation’s
(AIF) research and market intelligence.
Looking forward to 2018, we aim to enhance the reputation of
timeshare, introduce a new generation of consumers to our product, strategize
global expansion, and shut down fraud on our consumers.